Jim Cramer Put These 12 Stocks Under the Spotlight

Page 11 of 11

1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 181

A caller asked if Cramer would reaffirm his rating of Visa Inc. (NYSE:V) from a few months ago, and he replied:

“Absolutely, I think Visa’s sensational. By the way, just so we know, I don’t want to slight Michael Miebach, Visa, and MasterCard are both great. MasterCard’s actually growing a little bit faster, but they are both fabulous companies. We own that one for the Charitable Trust. It made us so much money, we got greedy, we fell, and then all it did was go up further. They’re both terrific stocks.”

Visa (NYSE:V) provides payment processing technology and a variety of card products, along with solutions for fraud prevention, digital payments, and business-to-business transactions. The company supports merchants, financial institutions, and governments with services designed to improve payment security and efficiency. Cramer showed his bullish sentiments toward Visa (NYSE:V) previously as well, as he said in March:

“Watch fintech. Fintech bottoms before actual fin. Fintech is like the best place to be, you know Mastercard is a travel, travel related company. I would watch that. I would watch Visa. Another travel related company. Because those have been part of the cohort. If they can overcome travel and the Affirms of the world can overcome the buy-now-pay-later, you’re gonna see a rally. You will see a rally.”

While we acknowledge the potential of V as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than V and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 11 of 11